No Future Advances. The full principal amount of each Receivable has been advanced to the related Obligor or advanced in accordance with the directions of such Obligor, and there is no requirement for future advances thereunder. The Obligor with respect to a Receivable does not have any options under such Receivable to borrow from any Person additional funds secured by the Financed Vehicle. The Receivable Balance as of the Closing Date or Funding Date, as the case may be, is fully secured by the related Financed Vehicle.
Appears in 6 contracts
Samples: Transfer and Assignment Agreement (Capital One Auto Finance Trust 2002-A), Transfer and Assignment Agreement (Capital One Auto Finance Trust 2002-C), Transfer and Assignment Agreement (Capital One Auto Receivables LLC)
No Future Advances. The full principal amount of each Receivable has been advanced to the related each Obligor or advanced in accordance with the directions of each such Obligor, and there is no requirement for future advances thereunder. The Obligor with respect to a the Receivable does not have any options under such Receivable to borrow from any Person person additional funds secured by the Financed Vehicle. The Each Receivable Balance as of the Closing Date or and each related Funding Date, as the case may be, Date is fully secured by the related Financed Vehicle.
Appears in 3 contracts
Samples: Master Trust Agreement (Aegis Consumer Funding Group Inc), Pooling and Servicing Agreement (Aegis Consumer Funding Group Inc), Master Trust Agreement (Aegis Consumer Funding Group Inc)
No Future Advances. The full principal amount of each Receivable has been advanced to the related each Obligor or advanced in accordance with the directions of each such Obligor, and there is no requirement for future advances thereunder. The Obligor with respect to a the Receivable does not have any options under such their Receivable to borrow from any Person person additional funds secured by the Financed Vehicle. The Principal Balance of each Receivable Balance as of the Closing Date or Funding Date, as the case may be, is fully secured by the related Financed Vehicle.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Acc Consumer Finance Corp), Acquisition Agreement (Advanta Auto Finance Corp)
No Future Advances. The full principal amount of each Receivable has been advanced to the related each Obligor or advanced in accordance with the directions of each such Obligor, and there is no requirement for future advances thereunder. The Obligor with respect to a the Receivable does not have any options under such Receivable to borrow from any Person person additional funds secured by the Financed Vehicle. The Each Receivable Balance as of the Closing Date or Funding Date, as the case may be, is fully secured by the related Financed Vehicle.
Appears in 2 contracts
Samples: Master Purchase Agreement (Aegis Consumer Funding Group Inc), Master Purchase Agreement (Aegis Consumer Funding Group Inc)
No Future Advances. The full principal amount of each Receivable has been advanced to the related each Obligor or advanced in accordance with the directions of each such Obligor, and there is no requirement for future advances thereunder. The Obligor with respect to a the Receivable does not have any options under such Receivable to borrow from any Person person additional funds secured by the Financed Vehicle. The Each Receivable Balance as of the Closing Date or Funding Date, as the case may be, is fully secured by the related Financed Vehicle.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Aegis Consumer Funding Group Inc)
No Future Advances. The full principal amount of each Receivable has been advanced to the related each Obligor or advanced in accordance with the directions of each such Obligor, and there is no requirement for future advances thereunder. The Obligor with respect to a the Receivable does not have any options under such Receivable to borrow from any Person person additional funds secured by the Financed Vehicle. The Each Receivable Balance as of the Closing Date or and each related Funding Date, as the case may be, Date is fully secured by the related Financed Vehicle.
Appears in 1 contract
Samples: Purchase Agreement (Aegis Consumer Funding Group Inc)
No Future Advances. The full principal amount of each Receivable has been advanced to the related each Obligor or advanced in accordance with the directions of each such Obligor, and there is no requirement for future advances thereunder. The Obligor with respect to a the Receivable does not have any options under such Receivable to borrow from any Person person additional funds secured by the Financed Vehicle. The Each Receivable Balance as of the Closing Date or Funding Date, as the case may be, is fully secured by the related Financed Vehicle.
Appears in 1 contract
Samples: Purchase Agreement (Aegis Consumer Funding Group Inc)
